SJC gold bar price
As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 144-147 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by DOJI at 144-147 million VND/tael (buying - selling), down 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 143.5-147 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
DOJI listed gold ring prices at 144-147 million VND/tael (buying - selling), down 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 143.5-147 VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 6:56 AM, world gold prices were listed around the threshold of 4,098.5 USD/ounce, down sharply by 89.2 USD.
Gold price forecast
World gold prices are under downward pressure as the USD remains at its highest level in the year, while expectations of the US Federal Reserve (Fed) easing monetary policy are weakening. Pressure from high real interest rates, along with the cooling down of geopolitical risk factors, has significantly reduced safe-haven demand for precious metals.
In the most recent trading session, spot gold prices retreated to around 4,123 USD/ounce, down more than 1.6%. Silver prices suffered stronger pressure when losing more than 5% in the session. According to analysts, the market's adjustment of expectations after signals from the Fed is hindering the upward momentum of the precious metal.
Investors are no longer placing much expectation on the Fed soon switching to strong support for the market. Instead, the USD benefits from relatively positive US economic data, while the interest rate level remains high. This reduces the attractiveness of gold - an asset that does not generate yields.
Besides the monetary factor, developments in the Middle East region are also affecting gold prices. Transportation through the Strait of Hormuz is gradually improving, causing the geopolitical risk compensation to decrease. Falling oil prices lead to cooling energy inflation pressure, causing the demand to hold gold for defense to also weaken.
According to experts, in the short term, gold may continue to fluctuate in a cautious direction. Some traders believe that gold prices need to overcome the resistance zone of 4,180-4,200 USD/ounce to consolidate the upward trend, with further targets around 4,221 USD/ounce and 4,319 USD/ounce.
In the opposite direction, if pressure from the USD continues to increase, gold prices are at risk of testing lower support zones. The 4,091 USD/ounce mark is considered the area to be monitored, followed by the 4,040 USD/ounce area.
Analysts believe that the future outlook for gold prices will largely depend on policy signals from the Fed, the strength of the USD and changes in the global geopolitical environment.
Gold price data is compared to the previous day.
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